Daily Brexit Update – 7 March 2018

The EU has forcefully rebuffed Theresa May’s vision for trade after Brexit, warning of the “negative economic consequences” of the British prime minister’s choices. Donald Tusk, the European Council president, warned the UK that it must lower its expectations for a future trade deal with Europe as he circulated draft guidelines for the talks. These instruct negotiators to take an austere approach, with extremely limited arrangements for regulatory co-operation, and make no mention of financial services, a vital export (The Financial Times). See here for a full version of the draft guidelines and here for Donald Tusk’s statement.

The UK will face “impediments” to receiving high-quality information from the EU’s law enforcement agency after Brexit, the organisation’s head warned on Wednesday, in a blow to Britain’s hopes of continued strong security co-operation with the EU after it leaves the bloc. Rob Wainwright, executive director of Europol, made the warning while giving evidence to members of the House of Lords about Britain’s security arrangements after it leaves the EU in March 2019. (The Financial Times)

Euroclear, the financial clearing house, has confirmed it is shifting the residence of its holding company from the UK to Brussels due to Brexit. The tax residence and domicile of the headquarters of the group, which underwrites trades between large financial firms, will move to the Belgian capital later this year. (The Independent)

Budget airline Ryanair has once again warned that time is running out to find a deal between the UK and the EU that will keep commercial planes flying across the region after Brexit. The airline has repeatedly raised this issue over recent months, saying last August that flights to popular summer holiday destinations are at risk. (The Financial Times)

Jessica's practice focuses on international trade and anti-bribery work, encompassing customs, export control and sanctions matters.
Jessica's trade work includes advising international clients on fast-moving and evolving EU and UN sanctions, notably in respect of Iran and Russia, and on compliance with UK and EU export controls.
Her trade experience also includes advising on tariff classification and customs valuations.
Jessica's anti-bribery experience includes assisting with investigations, and advising clients on compliance with anti-bribery laws.
Jessica has also taken a lead role in monitoring Brexit-related developments; analysing how they will affect the UK's trading position generally, and clients' businesses specifically. She has helped clients begin to conduct risk assessments of how Brexit will impact their businesses, and has assisted them in developing tailored Brexit strategies. Jessica also presents at various seminars, webinars, and conferences on the complexities of Brexit.
Jessica advises global clients on complex issues arising from international transactions and works with clients across a number of sectors including pharmaceuticals, defence, finance, aviation, energy, and telecommunications.
Jessica has also worked previously in Paris, and is fluent in French.

About Jessica Mutton

Jessica's practice focuses on international trade and anti-bribery work, encompassing customs, export control and sanctions matters.
Jessica's trade work includes advising international clients on fast-moving and evolving EU and UN sanctions, notably in respect of Iran and Russia, and on compliance with UK and EU export controls.

Her trade experience also includes advising on tariff classification and customs valuations.

Jessica's anti-bribery experience includes assisting with investigations, and advising clients on compliance with anti-bribery laws.

Jessica has also taken a lead role in monitoring Brexit-related developments; analysing how they will affect the UK's trading position generally, and clients' businesses specifically. She has helped clients begin to conduct risk assessments of how Brexit will impact their businesses, and has assisted them in developing tailored Brexit strategies. Jessica also presents at various seminars, webinars, and conferences on the complexities of Brexit.

Jessica advises global clients on complex issues arising from international transactions and works with clients across a number of sectors including pharmaceuticals, defence, finance, aviation, energy, and telecommunications.